Eastman Kodak Co., which dominated the photography industry before being hobbled by digital competition, won court approval of a plan to exit bankruptcy as a commercial printing company that sells nothing to consumers.
As Eastman Kodak Co. investors bet the 131-year-old photographic pioneer was headed for bankruptcy, the company decided Chapter 11 was the simplest way to become the leaner digital printing specialist it aspires to be.
Eastman Kodak Co., the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible buyers of its patent portfolio, said three people with direct knowledge of the process.
Eastman Kodak Co., the photography pioneer that introduced the Brownie Camera more than a century ago, filed for bankruptcy after consumers embraced digital cameras, a technology Kodak invented and failed to commercialize.
Apple Inc.’s victory over HTC Corp. in a patent dispute at the U.S. International Trade Commission may slow the advance of rival Google Inc.’s fast-growing Android operating system for mobile phones and tablets.
Eastman Kodak Co., the unprofitable 131-year-old imaging company, adjusted its management structure and created a chief operating office to reduce costs as its sales decline and cash reserves dwindle. The stock soared.